Empirical Asset Management LLC Purchases 101 Shares of EOG Resources, Inc. (NYSE:EOG)

Empirical Asset Management LLC boosted its position in EOG Resources, Inc. (NYSE:EOGFree Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,630 shares of the energy exploration company’s stock after acquiring an additional 101 shares during the period. Empirical Asset Management LLC’s holdings in EOG Resources were worth $560,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Tejara Capital Ltd bought a new stake in EOG Resources during the fourth quarter worth $106,000. Capital World Investors boosted its stake in EOG Resources by 302.7% in the second quarter. Capital World Investors now owns 9,730,284 shares of the energy exploration company’s stock valued at $1,113,534,000 after acquiring an additional 7,313,743 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of EOG Resources by 196.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,859,925 shares of the energy exploration company’s stock valued at $1,175,599,000 after acquiring an additional 6,529,464 shares during the period. Morgan Stanley increased its stake in shares of EOG Resources by 87.8% during the 4th quarter. Morgan Stanley now owns 7,787,281 shares of the energy exploration company’s stock worth $1,008,609,000 after purchasing an additional 3,641,504 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of EOG Resources by 11.0% in the 2nd quarter. Capital Research Global Investors now owns 33,923,655 shares of the energy exploration company’s stock worth $3,882,219,000 after purchasing an additional 3,348,650 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

EOG Resources Stock Up 0.4 %

Shares of NYSE:EOG traded up $0.48 during midday trading on Thursday, reaching $126.18. The company’s stock had a trading volume of 2,674,099 shares, compared to its average volume of 3,549,084. EOG Resources, Inc. has a 12-month low of $101.56 and a 12-month high of $136.79. The firm has a market capitalization of $73.18 billion, a P/E ratio of 9.69, a PEG ratio of 0.38 and a beta of 1.39. The firm has a 50 day moving average of $115.11 and a 200-day moving average of $121.66. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOGGet Free Report) last issued its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the firm posted $3.30 earnings per share. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. On average, research analysts anticipate that EOG Resources, Inc. will post 11.4 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Analysts Set New Price Targets

Several brokerages have issued reports on EOG. UBS Group lowered their target price on EOG Resources from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Piper Sandler dropped their price objective on shares of EOG Resources from $153.00 to $141.00 and set an “overweight” rating on the stock in a report on Thursday, March 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research note on Monday, March 4th. Wells Fargo & Company cut shares of EOG Resources from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $150.00 to $130.00 in a research note on Thursday, December 14th. Finally, TD Securities reduced their price objective on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Eleven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and a consensus target price of $141.25.

Read Our Latest Research Report on EOG

EOG Resources Profile

(Free Report)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.

See Also

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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